As indicated by A, the Bollinger Bands Width expanded 35%, with the KLCI above the Bollinger Middle Band, and therefore, suggesting a bullish movement signal for the KLCI. The KLCI broke above 1000 psychological resistance level, closing 18.62 points higher at 1009.36 points, marked a 7 months new high.

Immediate support for the KLCI is at 1000 point, while other supports are seen at 200-MA as well as the Bollinger Middle Band dynamic support.

As indicated by B, total market volume increased 6.7% while above the 40-day VMA level. This shows that the market is still relatively actively participated as more fresh buying flows into the market. As long as the volume is still above the 40-day VMA level, the current bullish market sentiment is expected to continue.

As circled at C, the Stochastic continue to rise on Monday, while staying above 70% level, which is the short term bullish region. Therefore, the market movement for the short term is bullish biased, until the Stochastic should break below 70% level.

After successfully rebounded from the 200-day MA, the KLCI resumed its uptrend with increasing volume and the bullish Bollinger Bands signal. Therefore, as long as the Bollinger Bands Width is still expanding, the bullish movement of the KLCI is expected to continue, until the Bollinger Bands Width should contract, which would be a signal suggesting a consolidation.

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